Category Archives: Political economy

Thanos Skouras, Professor Emeritus at the Athens University of Economics and Business revisits the notion of competitiveness with a view to its historical roots, draws a distinction between “essential” and “apparent” competitiveness, and applies the concepts to a discussion of Greece’s … Continue reading →

“The more things change, the more they stay the same”. Professor Georges Siotis, former member of the Task Force for Greece, writes on the poor track record on reforms and presents three examples of “win-win” reforms that never came to … Continue reading →

Article by Elias Papaioannou, published in Kathimerini on 14.6.15 (in Greek). The article draws on ideas expounded in a joint article with Richard Portes and Lucrezia Reichlin published by Project Syndicate.

We have reached the end of a negotiation that took several months and was associated with a debilitating lack of liquidity for the Greek State and for the private sector and with enormous uncertainty. If an agreement with the Europeans is … Continue reading →

On January 22, 2015, the Financial Times have published a letter signed by eighteen economists, including Nobel Laureates Joseph Stiglitz and Chris Pissarides (GEfR founding member). The letter argues that Europe will benefit from Greece being given a fresh start. … Continue reading →

The shadow economy is inversely related with the per capita electronic payments in the European countries. The Greek economy is characterized by a surging shadow economy and one of the lower numbers of per capita electronic payments in Europe. Manthos … Continue reading →

In a full-page interview in the Greek newspaper “Kathimerini” on Sunday, January 11, 2015, Michael Haliassos describes where the Greek adjustment program of the past five years has gone wrong, and why Greece has no room for creating further uncertainties … Continue reading →

On March 6, 2013, a panel discussion on the Greek economic crisis took place at the London School of Economics. This was part of a broader set of events taking place during the week of March 4-8, as part of … Continue reading →